Minimize working capital requirements
Founded in 1987, Bentley Leather is a retail company operating across the 10 Canadian provinces. With over 300 stores, Bentley Leather is Canada’s largest specialty retailer of luggage, handbags, small leather goods and related accessories.
- Sector Industries
- Fund Novacap Industries III
Bentley aims at becoming the leading destination store for travel goods and other speciality products in North America. The investment thesis for Bentley is to leverage its national footprint of stores, redefine its image, as well as optimize operations and improve overall performance of the business.
Novacap quickly helped Bentley reduce its working capital, notably by redifining its sourcing strategies, standardizing terms with suppliers, realigning product categories and reducing excess inventory. With the implementation of new planning and tracking procedures, the Company has rapidly improved the quality and the level of inventories while reducing its working capital overall.
The implementation of a new entreprise resource planning system (ERP) will allow to further improve operational efficiencies as well as the client experience through its store chain.
420 stores in Canada